SCENTRE GROUP (SCG)
Share Price Analysis and Chart

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SCG - SCENTRE GROUP

FNArena Sector : REITs
Year End: December
GICS Industry Group : Real Estate
Debt/EBITDA: N/A
Index: ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

Scentre Group was formed in 2014 through the merger of Westfield Retail Trust and Westfield Group's Australian and New Zealand management business. The company owns, manages and develops Westfield shopping centres in Australia and New Zealand.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$3.13

02 Jul
2024

-0.030

OPEN

$3.19

-0.95%

HIGH

$3.21

7,788,705

LOW

$3.12

TARGET
$3.328 6.3% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
ABG . AOF . ARF . ASK . BWP . CDP . CDP . CHC . CIP . CLW . COF . CQE . CQR . DXC . DXI . DXS . ECF . GDF . GDI . HCW . HDN . NSR . PLG . REP . RFF . RGN . TGP . URW . VCX . WOT . WPR .
FNARENA'S MARKET CONSENSUS FORECASTS
SCG: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 3.4 21.6 xxx
DPS (cps) xxx 16.6 17.2 xxx
EPS Growth xxx - 41.9% 100.0% xxx
DPS Growth xxx 5.4% 3.3% xxx
PE Ratio xxx N/A 14.8 xxx
Dividend Yield xxx N/A 5.4% xxx
Div Pay Ratio(%) xxx 492.6% 79.6% xxx

Dividend yield today if purchased 3 years ago: 6.01%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.20

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 15/02 - ex-div 8.35c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx3.4
DPS All xxxxxxxxxxxxxxx16.6
Sales/Revenue xxxxxxxxxxxxxxx2,510.3 M
Book Value Per Share xxxxxxxxxxxxxxx344.1
Net Operating Cash Flow xxxxxxxxxxxxxxx1,034.8 M
Net Profit Margin xxxxxxxxxxxxxxx6.97 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx0.96 %
Return on Invested Capital xxxxxxxxxxxxxxx0.55 %
Return on Assets xxxxxxxxxxxxxxx0.48 %
Return on Equity xxxxxxxxxxxxxxx0.96 %
Return on Total Capital xxxxxxxxxxxxxxx4.69 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx149.9 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx1,845 M
Long Term Debt xxxxxxxxxxxxxxx13,866 M
Total Debt xxxxxxxxxxxxxxx15,711 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx296 M
Price To Book Value xxxxxxxxxxxxxxx0.87

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx29.5 M
Capex % of Sales xxxxxxxxxxxxxxx1.18 %
Cost of Goods Sold xxxxxxxxxxxxxxx755 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx152 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx32,117 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.5

No. Of Recommendations

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxx xx xxxxxxxxxx xxxx xxxxxxx

$xx.xx

xx.xx%

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Citi

10/05/2024

3

Neutral

$3.10

-0.96%

Following yesterday's trading update by Scentre Group, Citi highlights positive momentum has continued into the March quarter, with sales increasing by 2.4% year-on-year on increasing customer visits. 

The broker also highlights improving leasing sales deals and a 0.3% rise in occupancy to 99.2% for the quarter.

Food retail, followed by Leisure and sports are key areas of tenant sales strength, note the analysts, while Department stores and Fashion are areas of weakness.

March quarter sales of $6.5bn rose by 2.4% compared to the previous corresponding period. Management confirmed FY24 funds from operations (FFO) guidance.

The Neutral rating and target price of $3.10 are retained.

FORECAST
Citi forecasts a full year FY24 dividend of 17.20 cents and EPS of 22.10 cents.
Citi forecasts a full year FY25 dividend of 17.80 cents and EPS of 22.80 cents.

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >

SCG STOCK CHART

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